2017 TAXES - OCTOBER 18, 2017 UPDATE

All tax bills for 2017 have been mailed out.  If you have not received your bill by October 31, 2017, please call the City Building at 859-331-1700 to have a copy reissued.

 

2017 TAXES - OCTOBER 13, 2017 UPDATE

Dear Neighbor:

We are a bit late getting the tax bills out this year and I've heard that after the Kenton County tax bills arrived, we received many calls with residents expressing concern that perhaps their Fort Wright tax bill had been lost in the mail, so I wanted to provide a quick update for you.

The reason we are a bit behind schedule this year was the need to evaluate the budgetary impact of recent information we received from the Kentucky Retirement Systems, the Kentucky League of Cities and the Kentucky Office of the State Budget Director regarding increased costs to the city as a result of the Kentucky pension crisis. As you may know, we have averaged roughly 11% of our total budget ($465,000) in pension contributions over the last 5 years, unfortunately, we are slated to receive a substantial increase in pension costs again this year, with numbers ranging from $60,000 on the low end to $426,000 (an 80.90% increase) on the high end. Assuming that worst case number comes to pass, nearly 20% of our entire budget would be spent on pension contributions. Despite the fact that the City is in excellent financial condition, this type of increase is simply unsustainable in the long run and one of the reasons we filed a class action lawsuit several years ago aimed at separating CERS (the County Employment Retirement System, which is the system that includes the City) from KERS, the Kentucky Employment Retirement System.

After careful analysis of the various projected pension contribution increases, City Council met on October 11th, 2017 for the second reading of the ordinance to set the tax rates for fiscal year 2017-2018. The yearly establishment of the tax rate is something that I and each member of Council take very seriously, we know it is your hard-earned money that is used to fund the operations of the city, and it is our goal to take no more of your money than is absolutely necessary to ensure that we provide the level of service that you expect and deserve.

Our tax rate for this year was set at .283 per one hundred dollars of value. Put another way, if your home is valued at $100,000, the taxes owed for this year are $283.

Your tax bill for 2017 should arrive by the end of the month, we are processing them now and may even get them to you by early next week. I apologize for the delay and if you have not received your bill by the end of the month please call the city building at 859-331-1700 to let us know.

On a positive note, we are launching the capability to pay your taxes via credit card this year. This is a secure site that implements encryption to ensure that your payment is safe.

If you wish to pay by credit card you can do so by visiting the city’s website at www.fortwright.com and clicking on the “property tax” link, or go directly to https://secure.cpteller.com/terminal/portal/?op=c1ZTsqapUkvo.

Please note that if paying by credit card you will be assessed a 2.49% processing fee for Visa, MasterCard, and Discover payments.  For American Express payments there is a 3.5% processing fee. The processing fee is collected by the credit card company to offset our cost for providing this service. The City of Fort Wright does not receive any portion of the processing fee.

Please download our Convenience Fee Calculator if you would like to see a projection of the processing fee before you submit your credit card payment..

If you do not wish to pay by credit card, you can still pay your tax bill in person at the city building Monday - Friday between 8:00 AM and 4:30 PM. You can pay your bill with cash, check, credit card or money order with check or money order being preferred. If paying in person please bring your tax bill, both top and bottom portions, with you. Payment can also be made by mailing a check to the city building at 409 Kyles Lane, Fort Wright, KY, 41011 or by mailing it to our lockbox at City of Fort Wright, P.O. Box 17870, Fort Wright, KY 41017-0870. Remember that taxes are due by 5:00 PM on December 31st and penalties and interest are charged on late payments.

Again, I apologize for the delay in getting the tax bills out this year. If you have any questions, please let me know, my contact information is listed below. You can also call the City Building at 859-331-1700 and speak to our City Administrator, Ed Butler, he is always happy to answer your questions.

If you'd like to learn more about the Kentucky pension crisis, I encourage you to watch the video and read the articles linked below to better understand the significant challenges this issue is creating for all Kentucky cities, and then contact your state legislators.

https://tbnk.viebit.com/player.php?hash=usTIPSzx0NBr

http://www.nkytribune.com/2017/09/state-budget-director-warns-of-huge-increases-in-employer-contribution-to-pension-system/

http://www.cincinnati.com/story/news/2017/10/10/kentuckys-pension-system-causes-tension-kenton-county-cities/737117001/

http://www.rcnky.com/articles/2017/09/19/increased-pension-costs-horizon-taylor-mill-join-ft-wright-lawsuit

http://www.kentucky.com/news/politics-government/article126357959.html

http://www.rcnky.com/articles/2017/10/10/kenton-mayors-separate-pension-systems-now

https://kychamberbottomline.com/2017/09/21/op-ed-it-isnt-a-question-of-being-for-or-against-pension-reform-its-the-need-for-action-now/

Thank you,

Dave Hatter, Mayor

Calendar Of Events
City Council Meetings
City Council Meetings are held on the first Wednesday of each month at 6:00 P.M.
Caucus Meetings are held on the third Wednesday of each month at 6:00 PM
Pay Your 2017 Property Taxes by Credit/Debit Card This Year
We are proud to announce that we have launched the capability to pay your taxes via credit card this year. This is a secure site that implements encryption to ensure that your payment is safe. If you wish to pay by credit card you can do so by clicking the “More info+” at the bottom of this article or by clicking on the "Property Taxes" menu item on the left. Please note that if paying by credit card you will be assessed a 2.49% processing fee. The processing fee is collected by the credit card company to offset our cost for providing this service. The City of Fort Wright does not receive any portion of the processing fee.
The City of Fort Wright Tranparency Portal
In an effort to provide financial information that is more timely, clear and transparent, The City of Fort Wright is very pleased to present our Financial Transparency Portal. We have partnered with OpenGov, a leader in this space, to provide a new web-based financial transparency and analysis tool that dynamically presents the city's revenues and expenses from historical trends to line item level details. Click below to learn more about OpenGov!

409 Kyles Lane, Fort Wright, KY 41011
Tel: 859-331-1700
Fax: 859-331-0454

Thursday, November 23, 2017
THANKSGIVING
Friday, November 24, 2017
HOLIDAY
Wednesday, December 06, 2017
Council Meeting